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2 weeks ago | 
news.bloombergtax.com | Mike Vilensky |Danielle Dunn
A New York law professor said he will continue to pursue his legal challenge to the state’s taxation of remote workers, keeping alive a case closely monitored by lawmakers in neighboring states who are seeking to weaken or kill the statute.
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3 weeks ago | 
news.bloombergtax.com | Danielle Dunn |K. Sophie Will
When New York City agreed last year to restart its program of selling the outstanding property tax and water debts owed by thousands of homeowners, officials pledged to enact guardrails to limit the disproportionate impact on poor and largely non-white New Yorkers. But just days before the sale resumes, only about one-third of nearly 30,000 delinquent properties have been removed from the lien sales list, despite a $2 million campaign by the city to promote programs helping owners to do so.
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1 month ago | 
news.bloomberglaw.com | Zach Williams |Danielle Dunn
New York Gov. Kathy Hochul (D) and legislative leaders are approaching a deal to raise the top rate of the state’s payroll mobility tax to help fill a $35.4 billion hole in the Metropolitan Transportation Authority’s multi-year capital plan.
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1 month ago | 
news.bloombergtax.com | Zach Williams |Danielle Dunn
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 months ago | 
news.bloombergtax.com | Michael Bologna |Danielle Dunn
The IRS has removed guidance from its website that directs state, local, and tribal governments on their data security responsibilities when handling federal tax information, raising questions for some revenue directors about the federal agency’s objectives. IRS has pulled down Publication 1075, Tax Information Security Guidelines for Federal, State and Local Agencies (Rev. 11-2021).
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2 months ago | 
news.bloombergtax.com | Danielle Dunn |Zach Williams
New York Gov. Kathy Hochul (D) reaffirmed her opposition to increasing income taxes on high-earners as lawmakers negotiate a final budget plan ahead of an April 1 deadline. “We’ll work with the legislature on funding, but I have said I’m not raising income taxes because I will cut income taxes instead,” she told reporters Tuesday.
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2 months ago | 
news.bloomberglaw.com | Danielle Dunn |Zach Williams
A person waits on a subway platform in New York City on February 4, 2025. Photographer: Angela Weiss/AFP via Getty Images PrintEmailMarch 17, 2025, 9:57 PM UTCMTA Budget Woes Could Decide Fate of New York Tax ProposalsLawmakers looks to plug transit agency’s $35.4 billion funding gapState budget, required to pass by April 1, is in final negotiationsThe most important tax debate in New York’s budget discussions is shaping up to occur behind closed doors.
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2 months ago | 
news.bloomberglaw.com | Zach Williams |Danielle Dunn
New York Gov. Kathy Hochul and legislators are negotiating a budget likely to exceed $252 billion. (Photo by Michael M.
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2 months ago | 
news.bloombergtax.com | Zach Williams |Danielle Dunn
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 months ago | 
news.bloomberglaw.com | Zach Williams |Danielle Dunn
New York budget negotiations are entering their final stage with a focus on the cost of living and public safety after the state Senate and Assembly on Thursday approved their respective spending resolutions ThursdayBoth chambers voted for higher taxes on the wealthy and corporations while resisting policy items backed by Hochul, including an overhaul of criminal discovery laws favored by prosecutors. The Senate approved its measures by a 36 to 21 vote and the Assembly 100 to 47.
